Asset Advisors Investment Management LLC Invests $9.75 Million in Cintas Co. (CTAS)

Asset Advisors Investment Management LLC acquired a new position in Cintas Co. (NASDAQ:CTAS) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 49,300 shares of the business services provider’s stock, valued at approximately $9,752,000. Cintas comprises approximately 1.6% of Asset Advisors Investment Management LLC’s holdings, making the stock its 19th largest position.

Other hedge funds have also bought and sold shares of the company. MainStreet Investment Advisors LLC increased its position in Cintas by 3.2% in the 2nd quarter. MainStreet Investment Advisors LLC now owns 8,427 shares of the business services provider’s stock valued at $1,560,000 after buying an additional 265 shares in the last quarter. Quad Cities Investment Group LLC increased its position in Cintas by 17.2% in the 3rd quarter. Quad Cities Investment Group LLC now owns 2,045 shares of the business services provider’s stock valued at $408,000 after buying an additional 300 shares in the last quarter. BB&T Corp increased its position in Cintas by 9.9% in the 2nd quarter. BB&T Corp now owns 3,544 shares of the business services provider’s stock valued at $655,000 after buying an additional 318 shares in the last quarter. Asset Advisors Corp increased its position in Cintas by 0.7% in the 2nd quarter. Asset Advisors Corp now owns 47,000 shares of the business services provider’s stock valued at $8,698,000 after buying an additional 330 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV increased its position in Cintas by 4.7% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 7,431 shares of the business services provider’s stock valued at $1,375,000 after buying an additional 331 shares in the last quarter. 67.11% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently commented on CTAS. BidaskClub lowered Cintas from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 19th. Barclays boosted their target price on Cintas from $200.00 to $210.00 and gave the company an “overweight” rating in a research report on Friday, July 20th. Stifel Nicolaus boosted their target price on Cintas from $162.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, July 20th. Nomura reaffirmed a “hold” rating and issued a $188.00 target price on shares of Cintas in a research report on Sunday, July 22nd. Finally, Robert W. Baird set a $235.00 target price on Cintas and gave the company a “buy” rating in a research report on Wednesday, September 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $196.33.



CTAS stock traded down $0.29 during mid-day trading on Friday, reaching $173.40. 16,585 shares of the company traded hands, compared to its average volume of 544,751. The company has a market capitalization of $19.10 billion, a P/E ratio of 28.62, a price-to-earnings-growth ratio of 2.06 and a beta of 0.98. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.65 and a current ratio of 3.10. Cintas Co. has a fifty-two week low of $144.40 and a fifty-two week high of $217.34.

Cintas (NASDAQ:CTAS) last released its quarterly earnings results on Tuesday, September 25th. The business services provider reported $1.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.80 by $0.13. The business had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.68 billion. Cintas had a return on equity of 24.13% and a net margin of 12.72%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. As a group, sell-side analysts forecast that Cintas Co. will post 7.24 earnings per share for the current fiscal year.

Cintas Company Profile

Cintas Corporation provides corporate identity uniforms and related business services primarily in North America, Latin America, Europe, and Asia. It operates through Uniform Rental and Facility Services and First Aid and Safety Services segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, and carpet and tile cleaning services, as well as sells uniforms directly.

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Institutional Ownership by Quarter for Cintas (NASDAQ:CTAS)

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